SEOUL, March 23 (Korea Bizwire) — The secondhand clothing market has been long recognized as charity or thrift shops. These days, however, for young people dubbed Generation Z, buying pre-owned clothing is not only a cheaper way of buying T-shirts and shoes, but also a way to enjoy a new shopping experience through obtaining their [...]
SEOUL, March 22 (Korea Bizwire) — Apple Inc.’s long-awaited mobile payment service, Apple Pay, has finally landed in South Korea this week, some seven years after the service was first initiated in the United States. It is available in local convenience stores, supermarkets, like Lotte Department Store, and coffee shops, like Paul Bassett, starting Tuesday. [...]
SEOUL, March 22 (Korea Bizwire) — The share of South Koreans who know that alcoholic beverages are a cancer-causing substance remains low at about 30 percent, a survey showed Tuesday. According to a survey of 7,000 Korean men and women between the ages of 20 and 60 across the country conducted by the National Cancer [...]
SEOUL, March 21 (Korea Bizwire) — LVMH Chairman and CEO Bernard Arnault has discussed potential partnerships with top executives of South Korean department stores, officials said Tuesday, as the French luxury empire is seeking to boost its presence in Asia’s fourth-largest economy. Arnault held a series of separate meetings with top executives of three local [...]
SEOUL, March 21 (Korea Bizwire) — Revenge dramas are gaining popularity in South Korea, as “The Glory” Part 2 topped Netflix’s TV charts in the first week of its release, while the second season of SBS series “Taxi Driver” garnered 16 percent of the viewing audience, the highest among all weekend series. “Reborn Rich,” last [...]
SEOUL, March 21 (Korea Bizwire) — POSCO Future M Co., a leading South Korean battery components maker, said Tuesday it is building a new cathode plant in the country’s southeast to meet surging demand after its multibillion-dollar supply deal with Samsung SDI Co. The board recently approved the plan to spend 392 billion won (US$300 [...]
SEOUL, March 21 (Korea Bizwire) — The Ministry of Justice plans to expand job opportunities for single-parent foreigners who are raising extramarital children with Korean citizenship. The National Human Rights Commission of Korea (NHRCK) announced on Monday that the justice ministry partially accepted the recommendation it presented to improve the status of sojourn for the [...]
NAMYANGJU, March 20 (Korea Bizwire) — On Saturday morning, a prayer service was held at Bongsunsa Temple in Namyangju, for a Thai worker who tragically died after working for 10 years at a pig farm in Pocheon, Gyeonggi Province. The solemn one-and-a-half-hour ceremony was attended by the worker’s wife, the family of the farmer who [...]
SEOUL, March 20 (Korea Bizwire) – Following the European Union’s release of the draft of the Critical Raw Materials Act last week, South Korean industries are busy exploring any possible ripple effects. The Critical Raw Materials Act calls for not more than 65 percent of the EU’s annual consumption of each strategic raw material from [...]
SEOUL, March 19 (Korea Bizwire) — The number of working South Koreans aged 60 and above has more than doubled in the past 10 years due to higher living costs amid a global economic slowdown, government data showed Sunday. The number of working Koreans aged 60 and older jumped to 5.77 million in February from [...]